06/18/2026
"How much should you spend on marketing to raise $5 million?"
Most founders looking to raise capital have no idea what investor marketing actually costs — and that gap is where campaigns fail before they ever launch.
In this clip from Behind the Campaign, Jason Fishman of Digital Niche Agency breaks down how he sets marketing budgets for equity crowdfunding campaigns: the 10x marketing efficiency ratio, what a realistic starting spend looks like, and how to scale ad spend as capital starts coming in.
The short version: you spend money to raise money. But you don't have to have it all upfront.
Full episode linked in bio.